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(By Mondale Smith)Government is committed to ensuring that Chinese investors have a fair deal in the local business arena, said President David Granger. The country is also committed to working closely with Chinese in the commercial sector.President David Granger delivering his address at the Association of Chinese Business Enterprises in Guyana’s annual dinner and magazine launch.President Granger addressed a dinner and magazine launch organised by the Association of Chinese Enterprises in Guyana (ACEG) at the Marriott Hotel, Kingston on Friday night. He said that there is much more to economic growth than buying or selling with specific reference to production.He added that his government welcomes investors, not only in trading,Cheap Air Force 1, but also agro-processing, energy generation, information technology, telecommunication, engineering, fishing, housing, mining, manufacturing and tourism all of which can be of benefit from a country with a larger economy.Guyana’s economic policy is predicated by the necessity for economic freedom, he said, and that Government pursues a market-based economy through policies that promote investment in the productive and the commercial sectors.Economic freedom presupposes the rights of businesses to earn profit,Nike Air Max 2018 Shoes, and the right to foreign investors to repatriate those profits. It is also about competition, efficiency of legislation and regulation.He assured the Chinese business community of his Administration’s commitment to creatingPresident David Granger and Chinese Ambassador to Guyana,Wholesale Jerseys, Zhang Limin unveiling the 2016 business magazine.an enabling business environment; promoting thriving commerce and international trade by creating an enabling environment for investment; suppressing illicit trade; protecting the rights and freedoms of all people; providing infrastructure to enable freer faster and cheaper movement to the hinterland and the other sources of economic growth; and to ensuring a strong regulatory framework so as to secure fairness, quality, high standards and the protection of the interests of consumers.But there are conditions and terms. “We are committed, equally, to suppressing illicit trade and to preventing our environment from despoliation. We are committed to protecting our people’s rights and freedoms, we are committed to providing infrastructure to enable free and faster and cheaper movement to our hinterland and to resources of our economic growth.“We are committed to ensuring a strong regulatory frame work so as to ensure fairness,Cheap Air Max Shoes, equality, high standards and the protection of the interest of consumers.”The 2016 Budget, President Granger said,Jordan Shoes For Sale Cheap, lays the foundation for growth for increased economic activity and greater competitiveness… “It is a pro-business, pro-growth Budget. It also addresses important challenges within our social sector and the need to bridge the disparities between the hinterland and coastland and between rural and urban areas,” the Head of State said.President Granger added that the Government is pursuing a market-based economy throughPresident David Granger and First Lady Mrs. Sandra Granger are welcomed by Chinese dancers performing the Dragon Dance.policies that promote investment in the productive and commercial sectors, but noted that while the country needs a thriving commercial sector, it also needs a thriving productive sector.“Guyana, therefore, welcomes investors not only in trading, but also in agro-processing, energy generation, information technology and telecommunications, engineering, fishing, housing, mining, manufacturing and tourism. Everyone wins with a larger economy,” the President said.China’s Ambassador to Guyana, Zhang Limin, hailed the friendly relations that Guyana and China have shared since establishing diplomatic ties 40 years ago. He noted that the Chinese companies in Guyana are not only promoters of Guyana-China economic cooperation but are also major participants in the development of Guyana.“I would like to take this opportunity to express heartfelt gratitude to the Government of Guyana for its support to the Association and hope that the Association will keep up the good work and make greater contributions in promoting the friendly cooperation between our two countries and the friendship between our two peoples,” Ambassador Zhang said.The Ambassador expressed delight at the Magazine launch of the Association of the Chinese Enterprises in Guyana and shared the belief that readers will get a deeper and better understanding of the Chinese companies in Guyana through the magazine.He noted that the Chinese companies in Guyana are not only promoters of the China-Guyana economic cooperation and trade, but also major participants in the development of Guyana.“Over the decades, they haven’t forgotten to give back to the local society while pursuing their own growth, and have made important contributions to the economic and social development of Guyana. Since its founding two years ago, the Association has maintained close communications with the government and relevant departments of Guyana, and earnestly served local Chinese companies,” the Ambassador said.Offering heartfelt gratitude to the government of Guyana for its support to the Association the Chinese Ambassador said he hopes that the association will keep up the good work and make greater contributions to promoting the friendly cooperation between Guyana and China and its friendship between the two peoples.China and Guyana enjoy profound traditional friendship with over 160 years of friendly exchanges. In the over 40 years since the establishment of diplomatic ties, the political mutual trust between the two countries has deepened and practical cooperation in economic and trade, education, health, culture and other fields produced fruitful results, bringing benefits to our two peoples.Currently, both China and Guyana are forging ahead with the economic transformation and improvement of people’s livelihood.“I’m sure that the bilateral mutually beneficial cooperation will have a brighter prospect in the future.Although China is still a developing country like Guyana, it has been providing assistance within its capacity to Guyana for many years.”Besides annual grants, the Chinese government has also provided equipment to the Guyana Police Force and medical equipment to the Georgetown Public Hospital in recent years.Last month, the Chinese embassy donated $8 million to the Georgetown beautification. China will continue its support to Guyana’s development and make joint efforts with the government and people of Guyana to elevate the friendly relations of cooperation between two sides to a new high.The Chinese New Year spring festival observance is one week away and the Ambassador wished the Association greater achievements.The ACEG is a non-profit organisation established in 2014 with a membership of 14 Chinese companies in Guyana.Its main role is to assist Chinese investors and ensure that they operate within the confines of the Laws of Guyana and other regulations governing how business is done locally. The Association has been very involved in charitable work nationwide; conducting outreaches to schools and assisting orphanages and homes for the elderly.On Friday evening it further made donations to the Shaheed Children’s Orphanage and the Palms Geriatric Home.Chairman of the ACEG, Andrew Jin, explained that since the establishment of the Association,Jerseys NFL Wholesale, the business magazine has been an annual publication divided into two categories. The first provides information on Chinese businesses in Guyana and caters specifically to Guyanese readers and the second provides information on how to conduct business in Guyana. This section caters for Chinese readers and potential investors.The Chairman added that Guyana has great potential for achieving greater economic development and believes that the Association can play a critical role in this regard.